Iberdrola to Invest $31 Billion in UK by 2028, Doubling Investment to Boost Grid and Renewables

Iberdrola, Europe’s largest electricity company, plans to double its investment in the UK to £24 billion ($31 billion) from 2024 to 2028, reflecting confidence in the country’s clean energy policies. The investment will primarily enhance power transmission and distribution networks, supporting the demand for renewable energy. Key projects include offshore wind farms and upgrades under the RIIO-T3 framework. UK Prime Minister Keir Starmer praised the investment as a significant economic boost, aligning with the government’s decarbonization goals and efforts to attract foreign investment. Iberdrola’s commitment emphasizes shared ambitions for energy security and industrial growth in the UK. Resources: https://esgnews.com/iberdrola-to-invest-31-billion-in-uk-by-2028-doubling-investment-to-boost-grid-and-renewables/